Advertisement
Advertisement

Silver Forecast February 9, 2016, Technical Analysis

By:
Christopher Lewis
Published: Feb 9, 2016, 05:15 UTC

The silver markets gapped higher at the open on Monday, and then shot above the $15 level quite handily. That being the case, the market looks as if it is

Silver Forecast February 9, 2016, Technical Analysis

The silver markets gapped higher at the open on Monday, and then shot above the $15 level quite handily. That being the case, the market looks as if it is picking up momentum, and should continue to go much higher. Pullbacks that show signs of support below should be buying opportunities, and as a result we look at them as value that we can take advantage of. We have no interest in selling this market right now, we believe that ultimately the silver market has broken out and is not looking back anytime soon.

silver

 

About the Author

Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.

Did you find this article useful?

Advertisement